NIB supports environmental projects, SMEs and SMCs through Ringkjøbing Landbobank in Denmark

• NIB has signed a DKK 700 million 10-year loan with Ringkjøbing Landbobank A/S.
• The financing will support on-lending to environmental projects, small and medium-sized enterprises (SMEs), and small mid-cap companies (SMCs) in Denmark.
• At least 50% of the loan funds will be allocated to eligible environmental projects.

The loan will strengthen Ringkjøbing Landbobank's capacity to provide long-term financing that matches the typical maturity profile of loans granted to SMEs, SMCs and environmental projects.

With this loan, Ringkjøbing Landbobank will continue to channel financing to renewable energy projects such as wind, solar and biogas, as well as to smaller businesses that face more limited access to long-term funding.

Ringkjøbing Landbobank is a long-standing partner of NIB for on-lending to environmental projects and SMEs in Denmark.

Lars Hindø, chief of staff, Ringkjøbing Landbobank A/S said: "Ringkjøbing Landbobank has collaborated with NIB for many years, and with this new loan, we look forward to continuing this strong partnership."

André Küüsvek, NIB President and CEO said: "Smaller businesses and environmental projects often need financing with longer time horizons. By working through a trusted local bank, this loan helps make long-term funding available to companies and projects that support sustainable growth across Denmark."

Established in 1886, Ringkjøbing Landbobank is a Danish regional and niche bank with retail banking operations in central, western and northern Jutland, and niche operations throughout Denmark.

NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody's.

Contacts
Joakim Häger, Senior Banker, +358 10 618 0439, Joakim.hager
Oliver Mølvang Hermansen, Associate Communications Officer, at +358 10 618 0225, [email protected]